Applied Materials grabbed the biggest target price lifts of the session. UBS analyst Timothy Arcuri raised his target to $515 from $480. Citigroup's Atif Malik went further, pushing his target to $550 from $520. Both firms maintain Buy ratings. Applied Materials carries a $350bn market cap. Short interest sits at just 2% of free float, so bears are not a major obstacle here.
Freight broker C.H. Robinson scored an upgrade from Wall Street analysts. The consensus moved higher. The average target now stands at $196.58. The stock has short interest of 5.8% of free float. The upgrade reflects growing confidence in freight market recovery.
Defence giant Northrop Grumman also received an upgrade. The consensus analyst count on "Hold" ratings shifted by one, while the average target rose to $711.59. The $78bn group benefits from elevated defence budgets across NATO members.
Among energy names, Targa Resources led target price upgrades in the midstream sector. The average analyst target rose to $273.65.
On the downside, Expedia saw a small target price trim. The average dropped slightly to $285.12. The travel platform remains a consensus Hold.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
